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[ad_1] A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images Ripple's XRP token surged on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 70% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities after all. Polygon's matic token gained 11%. Litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. Bitcoin and ether got a boost too, of 3% and 7%, respectively. "The judgments today are a huge step forward for the industry," Chris Martin, head of research at Amberdata, told CNBC. "By judging that XRP is not a security we're starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on...

[ad_1] A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images Ripple's XRP token surged on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 70% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities after all. Polygon's matic token gained 11%. Litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. Bitcoin and ether got a boost too, of 3% and 7%, respectively. "The judgments today are a huge step forward for the industry," Chris Martin, head of research at Amberdata, told CNBC. "By judging that XRP is not a security we're starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on...